Treasury Yields Jump, 10-Year to 4.28%, 30-Year to 4.90%, Mortgage Rates Spike to 6.41%, on Inflation & Deficit Fears

It was a rough week in the Treasury market and the mortgage market. Inflation fears spread amid surging gasoline prices and some lousy inflation data that don’t even yet include those surging gasoline prices: The Fed-favored core PCE Price Index for January rose to 3.1%, worst in nearly two years...